Vivic 10-K Summary & Financial Data

Business focus and geography

Global yacht sales and service provider.
Offers yachts, ancillary products, technical support, service solutions and management solutions to marinas, yacht clubs, yacht operators and marine tourism providers.
Primary markets: United States and Southeast Asia.
After wind-down activities, plans to operate overseas via Vivic Hong Kong to support international yacht sales, market development, customer relations and dealer recruitment.

Exclusive distributor of Monte Fino yachts in Asia and the Middle East.
Non-exclusive distributor for Monte Fino where an exclusive distributor has not been appointed.
Monte Fino is a brand owned by Taiwan Kha Shing Yacht Company.

Incorporated in Nevada on February 16, 2017.
Historically operated a Taiwan branch (Vivic Taiwan) and a Hong Kong subsidiary (Vivic HK).
Between 2023 and 2026 completed divestiture of Weiguan Ship (Guangzhou Monte Fino) and wind-down/deregistration of Vivic Taiwan (completed April 2026).
As of June 30, 2026, principal operations conducted through Vivic Corp. (Nevada parent).
In July 2023, Vivic HK acquired all shares of Weiguan Ship via a Stock Purchase Agreement with Mr. Kung; this divestiture formed part of a strategic shift away from the China market.

Vivic Hong Kong operationally dormant in 2026; primary operations conducted through Vivic Corp. in Nevada.
Subsequent activities are planned to be organized through Vivic Hong Kong to support international yacht sales, market development, customer relations and dealer recruitment.

Distribution and sale of Monte Fino yachts (40–70 ft typical range in market context).
Development and distribution of power boats, charter boats and eco-friendly new-energy vessels through third-party manufacturers.
Co-development of an Electric Catamaran Yacht with Acel Power Inc. (agreement entered January 29, 2025).
Yacht Sales Contract with Acel Power Inc. for three yachts (January 29, 2025); delivery timeline extended to August 10, 2027 by a June 30, 2026 supplemental agreement; clerical corrections made October 5, 2026.
Warranties and after-sales support coordinated with manufacturers and service providers.
Customers arrange financing independently; the company does not provide in-house financing.

Target customers: yacht operators, dealers, charter operators and other commercial and leisure customers in the United States and Southeast Asia.
Customer uses include recreational boating, charter operations and marine tourism.
Product features include catamaran hull configurations, flexible deck and interior layouts, and propulsion options for conventional or new-energy applications.
Sales channels include industry events, boat shows, dealers, agents and other business relationships.

Yachts are manufactured by selected third-party manufacturers, including Kha Shing; the company does not manufacture in-house.
Manufacturer selection is based on quality, capability, reliability and delivery performance.
Accessories and components are sourced from global suppliers with ongoing vendor relationships.
Manufacturing risk is managed through supplier diversification and periodic supplier market reviews.

Protects know-how through trade secrets, trademarks, copyrights and licenses.
Uses confidentiality agreements with employees, consultants and suppliers to protect confidential information.
Operations and products are subject to general business regulations and product safety, environmental and other regulatory standards applicable to yachts and components.

Operates in a competitive yacht market with established brands such as Azimut and Ferretti.
Pursues competitive advantages through flexible configurations, operating efficiency, design, after-sales support and distributor/manufacturer relationships.
Primary focus on Monte Fino luxury yachts in the 40–70 ft range, with expansion into new-energy yacht models and diverse configurations.

As of September 20, 2026: 8 full-time employees.
Majority of staff based in Hong Kong; limited personnel in the United States; no employees based in Taiwan.

Principal owner: Mr. Shang-Chiai Kung; he and related entities hold controlling influence.
Class A Convertible Preferred Stock: 832,200 shares, convertible into common stock.
Total common stock outstanding: 27,678,419 shares.
Mr. Kung holds voting power representing approximately 63.29% of aggregate voting power.
Mr. Kung was 87 years old during the period described.

As of June 30, 2026:
- Amounts due to related parties: $381,521
- Accounts payable to related parties: $0
The company has ongoing financing needs and potential dilution risk if new funding is sought.